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Updated over 1 year ago on . Most recent reply
Lease Cancellation / Lease Arbitrage / Airbnb Arbitrage
Hi,
My business partner & I have a couple Short Term Rental Lease Arbitrages, were we rent the units with the consent of the landlord and put them on Airbnb/VRBO. If we wanted to get rid of one of our properties because we are going in a different direction, but still have 2 years left on our lease. What would be the best way to cancel that contract/how does that work out? It is a Mom & Pop Landlord.
We are going to wait till April, but wanted to get ahead of the game. Any recommendations are welcomed, thank you!
Most Popular Reply
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
You should honor your contract.
That is the problem with Arbitrage, when things are not working out, people want to bail on their obligations.
What if shoes were reversed and owner wanted to cancel their contract with you after you had built a successful business?